SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___)
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| o | Definitive Proxy Statement | |
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| þ | Definitive Additional Materials | |
| o | Soliciting Material Pursuant to §240.14a-12 |
HERBALIFE LTD.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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April 30, 2008
Dear Shareholder:
As
previously disclosed, prompted by an inquiry from The Wall Street
Journal, our former President
and Chief Operating Officer, Gregory L. Probert, has confirmed that the information with respect to
his education stated in his biography included in our public filings is incorrect. Specifically,
Mr. Probert’s biography states that he received an MBA from California State University, Los
Angeles as well as a Bachelor of Science from the University of Southern California. Mr. Probert
did not fully complete the course work necessary to receive an MBA from California State
University, Los Angeles. Mr. Probert also received a Bachelor of Arts from the University of
Southern California, not a Bachelor of Science.
Mr. Probert’s
biographical information as of the date of our
Proxy Statement related to our upcoming 2008 Annual General Meeting
of Shareholders, which was included on page 32 of the Proxy
Statement, is amended and
restated as follows:
Gregory Probert is President and Chief Operating Officer of the Company. Mr. Probert
joined the Company in August 2003, after serving as President and CEO of DMX MUSIC
for over 2 years. Mr. Probert joined DMX MUSIC after serving as Chief Operating
Officer of Planet Lingo, where he led the team
that designed and built the company’s first product, an online conversational system
for the $20 billion ESL market in Japan. Immediately prior to Planet Lingo, Mr. Probert spent 12 years with The Walt Disney Company, where he most recently served
as Executive Vice President for the $3.5 billion Buena
Vista Home Entertainment worldwide business. Mr. Probert’s positions with The Walt
Disney Company also included service as Executive Vice President of the International Home Video Division, Senior Vice President and
Managing Director of Buena Vista Home Entertainment, Asia Pacific Region, based in
Hong Kong, and Vice President Financial of Buena Vista International, Disney’s
international theatrical distribution arm, among others. Mr. Probert received his
Bachelor of Arts from the University of Southern California.
We would like to assure you that these developments are being taken very seriously. The Audit
Committee of our Board of Directors is currently investigating the matter and has retained outside
counsel to assist it in carrying out its duties and obligations. Upon completion of this
investigation, the Audit Committee will report to the full Board of Directors with its
recommendations, after which appropriate action will be taken.
The 2008 Annual General Meeting of Shareholders will be held as scheduled on Thursday, May 1,
2008 at 9:00 a.m. Pacific Daylight Time at 1800 Century Park East, Los Angeles, California 90067.
Information with respect to the items of business to be conducted at the meeting is set forth in
our Proxy Statement dated March 25, 2008, first mailed to shareholders on or about March 28, 2008.
Only shareholders of record at the close of business on March 5, 2008, are entitled to vote at the
meeting and any subsequent adjournment(s) or postponement(s) thereof.
| Sincerely, | ||
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| BRETT R. CHAPMAN | ||
| General Counsel and Corporate Secretary |